FileEvaluation

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QuickBooks File Evaluation

Here of some of the things I look for when doing a QuickBooks File Evaluation:

Are your reconciliations current?

Are there uncleared payments and deposits?

Are there unapplied payments or credits?

Is there a balance in undeposited funds?

Are there small amounts posted to your fixed asset accounts?

Is inventory allowed to go negative?

Is inventory being recorded correctly?

Are there any negative asset accounts other than accumulated depreciation and amortization?

Are there any negative liability accounts?

Are bills being paid correctly with a check?

Are sales tax liability payments being paid correctly and reflecting proper balances?

Are equity accounts structured correctly?

Is the opening balance equity account zero?

Do your balances in QuickBooks tie to your tax return?

Were there changes made to closed periods?

Are they any large fluctuations?

Is the chart of accounts set up appropriate for your business?

Are items such as service, inventory, sales tax and payroll set up properly?

Does anything look unusual on the balance sheet or profit and loss?

Are transactions being allocated correctly to the proper general ledger accounts?

Are closing dates being set?

I offer quick reviews, full reviews and monthly reviews. I can also customize the review and look only at areas you feel may be inaccurate.

Once the evaluation is complete, I provide you with a report package with comments and recommendations. If there are problem areas the next step is troubleshooting and clean up.